Bonds or Mutual Funds
Donating bonds
or mutual fund shares may provide donors attractive tax incentives.
Please contact Mark Smith
in the Development Office for more information on how to transfer
securities.
Stocks
For most people
there are tax advantages available for donating stock directly to
St. Francis. Moving the stock directly to St. Francis allows you to
take a full tax deduction on the value of the stock at the time of
the donation regardless of acquisition cost. This means you can also
avoid the costs of selling stock and taxes you might pay on the
capital gains. Please consult your tax advisor to ensure this works
for your personal tax situation.
HOW TO GIVE
STOCK:
-
Instruct
your broker to transfer the stock directly to St. Francis’
account at Merrill Lynch. The DTC transfer information and
account information you or your broker will need to do this is:
DTC #: 5198
Firm: Merrill
Lynch
St.
Francis Account: 311-02122
Do not sell the stock!
If you wish to
contact our broker directly:
Advisor: Dan
McCreath
Assistant:
Judith Miller
Phone #: (888)
889-8057
-
Complete
this
form.
-
FAX or EMAIL
the form to Merrill Lynch, Attn: Dan McCreath, at (503) 342-2291
or
daniel_mccreath@ml.com.
-
FAX or EMAIL
the form also to St. Francis, Attn: Tracy Brown, at (972)
712-1087 or
tbrown@stfoafrisco.org.
WHAT HAPPENS:
1. Your
brokerage firm will send a confirmation of the transfer to you. Keep
this for your tax records.
2. The
FAX you sent to Merrill Lynch informs them to sell the stock
immediately after it arrives. Without this notification they will
not know the stock transfer is in process.
3. Merrill
Lynch sends a confirmation of the stock sale to St. Francis.
4. St.
Francis sends an acknowledgement letter of your stock donation to
you. Keep this for your tax records.
Stewardship in this way can
provide benefit to you and St. Francis. We thank you for your gift
and support. Please contact the
Tracy Brown for
clarification or assistance.
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